Do I need a real estate agent to buy a home?
While it’s not mandatory, working with a licensed REALTOR® in Ontario helps you understand the market, negotiate offers, and protect your interests under the Real Estate and Business Brokers Act (REBBA).
Do I need a real estate agent to sell my home?
It’s not required, but using a licensed REALTOR® ensures professional marketing, proper pricing, and protection under Ontario real estate law.
Do I need to sign a lease?
Yes. In Ontario, most residential leases must use the Standard Lease Form provided by the provincial government.
What is a Buyer Representation Agreement (BRA)?
It’s a contract that allows a REALTOR® to legally represent you in your home search and purchase. It outlines services, obligations, and commission details.
How much commission will I pay?
Commission is negotiable between you and your brokerage. Typically, it’s a percentage of the final sale price, shared between the buyer’s and seller’s agents.
How much can a landlord ask for a deposit?
Landlords can only request a rent deposit (last month’s rent). Security or damage deposits are not allowed in Ontario.
What is mortgage pre-approval and why is it important?
Pre-approval shows how much you can borrow, locks in an interest rate, and makes your offer stronger. Most sellers in Ontario expect a pre-approval before accepting an offer.
How do you determine the listing price?
We use a Comparative Market Analysis (CMA) that considers recent sales, current listings, and market trends in your neighbourhood.
Can the landlord increase the rent anytime?
No. Rent increases are regulated by the Ontario government and can only occur once every 12 months, following the annual rent increase guideline.
Do I need a lawyer to buy a home?
Yes. In Ontario, a real estate lawyer is required to review the Agreement of Purchase and Sale, perform a title search, and complete closing.
What costs should I expect when selling?
Typical costs include legal fees, real estate commission, mortgage payout/penalties (if applicable), moving expenses, and adjustments for property taxes or utilities.
How do I report issues with my landlord or tenant?
Unresolved disputes can be taken to the Landlord and Tenant Board (LTB) for resolution.
Do I need to prepare my home before listing?
Yes. Decluttering, small repairs, staging, and professional photos can help your home stand out and sell faster at a better price.
7. Should I get a home inspection?
Yes, it’s strongly recommended. A professional inspection can uncover issues with the property’s structure, plumbing, or electrical systems before you commit.
